Good evening, what is the speed of processing your transactions?
My online transactions are processed in less than 20 seconds. Basically it only takes a couple of seconds.
Well, yeah, processing takes milliseconds, but then the entire network has to confirm the transaction, to make sure it won't be lost or overwritten. This takes longer. At the moment the network is pretty small, that's why it's very fast. But even when the network will have a million nodes (it will happen eventually!) confirmation time will be less than 1 hour.
Bitcoin's confirmation time is 1 hour now.
Good evening, but the transaction in the Bitcoin network cannot be canceled, therefore, in fact, the transactions are very fast.